What competencies were you able to develop in researching and writing the Comprehensive Project due in Unit 5? How did you leverage feedback from your peers in the Discussion Board for Units 1–4 in completing the project? How will these competencies and knowledge support your career advancement in management?
One major competency I was able to develop when researching this project was how expansion in the international market affects a corporation. Realizing it takes research, knowledge and understanding of the many risk involved when choosing to expand globally. Currency exchange and the exchange rate risks to name a few. Strategizing and implementing a suitable place in the market for business is very important in how well the business will grow. Lastly, the importance of continuing to look for opportunities to re-evaluate, assess the target market, and position the business for success against the competition.
I leveraged feedback through the discussion board from fellow classmates and Dr. Dague. Different perspectives bring different views and is very helpful in the topics of discussion. It allows me to glean from other viewpoints. Taking constructive criticism is a part of learning and developing, and it can be helpful if you don’t allow it to offend you. Intellipath provided the additional learning needed to better understand the subject matter.
These competencies will enable me to develop good business practices, make better decisions and create strategies conducive for growth and development. Also, develop a team of qualified leaders to help fulfill the vison of the business.
Discuss the similarities and differences between shareholder wealth maximization and stakeholder wealth maximization .
Shareholders are those investors who want to see the company do good financially in the long-term. They are the ones who own stock within the company, look at dollar profits, return on capital and profit margins. Shareholder wealth maximization is making more money for all investors of the company. Stakeholders are more interested in the value and how well the company is doing as oppose to profits. Stakeholders maximization is performing well and increasing the quality of the business (Rosemary Peavler, 2018).
Rosemary Peavler. (2018, December 24). Business Finance. Retrieved from The Balance Small Business: https://www.thebalancesmb.com/shareholder-wealth-maximization-392844